DGAP-News: Nanostart AG presses ahead with expansion in Asia
(firmenpresse) - DGAP-News: Nanostart AG / Key word(s): Miscellaneous
Nanostart AG presses ahead with expansion in Asia
26.04.2012 / 06:00
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- New company formed: Nanostart Asia Pacific Pte Ltd
- Subsidiary Nanostart Asia and fund units contributed
- Strategic partners in Asia to provide experience, networks and capital
Frankfurt, Main / Singapore - April 26, 2012 - Nanostart AG is pressing
ahead with its expansion in Asia and has formed a new company, Nanostart
Asia Pacific Pte Ltd, together with investment partners. Nanostart is
contributing its wholly-owned subsidiary Nanostart Asia Pte Ltd and its 50
per cent interest in Nanostart Singapore Early Stage Venture Fund, in
exchange for which it will receive 56 per cent of the shares in the new
Singapore-based company. The remaining 44 per cent will be held by partners
in Singapore and other Asian countries, consisting of investors whose
experience and networks will help Nanostart AG to achieve quick and easy
expansion in Singapore and Asia. Nanostart has two positions on the Board
of Directors of the new company.
Andreas Kröll, Investment Director of Nanostart Asia Pacific, explains:
'Since 2009, we have established ourselves as one of the most active
investors in Singapore. The financial commitment and the contact networks
of our partners in important countries are now the catalysts for our
strategic expansion in Asia. In the medium to long-term, we want to acquire
holdings in Asia outside of Singapore. The next step is to expand our
team.'
In 2008, Nanostart AG launched activities in Asia. At that time, the
company was selected by the government-supported National Research
Foundation (NRF) to manage a government venture fund for promoting young
nanotechnology companies. The 100-percent subsidiary Nanostart Asia was
launched in 2008 to manage the Nanostart Singapore Early Stage Venture
Fund, in which Nanostart AG and the NRF are the two primary shareholders
with approximately 50 percent each. The fund currently owns three holdings
and has already executed one successful exit. New partners include
experienced, extremely well networked venture capital investors from
Singapore, Malaysia, China, and elsewhere.
About Nanostart:
Nanostart AG headquartered in the German financial capital
of Frankfurt, is a leading nanotechnology investment company, with
portfolio companies spanning the globe from Silicon Valley to Singapore.
The company provides venture capital financing for nanotechnology companies
in various growth phases with a focus on innovation-driven industries of
the future such as cleantech, life sciences and IT/electronics. As main
shareholder of Nanostart Asia Pacific Ptd Ltd Nanostart invests as partner
of the Singaporean government.
Disclaimer:
This notice constitutes neither an offer to sell nor a solicitation of
offers to purchase or subscribe to securities. There will be no public
offering of securities of Nanostart AG in conjunction with the existing
listing of its shares in the 'Entry Standard' segment of the regulated
unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This
notice does not constitute a securities prospectus. Neither this notice nor
the information contained within is intended for direct or indirect
distribution within Canada, Australia or Japan.
Media contact:
Nanostart AG
Dr. Hans Joachim Duerr
Head of Corporate Communications
Goethestrasse 26-28
60313 Frankfurt, Germany
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 150
e-mail: presse(at)nanostart.de
End of Corporate News
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26.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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166655 26.04.2012
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Unternehmensinformation / Kurzprofil:
Datum: 26.04.2012 - 06:00 Uhr
Sprache: Deutsch
News-ID 139373
Anzahl Zeichen: 5040
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Kategorie:
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